Investment Summary

Woven Capital and Chipotle Invest In Nuro

On March 25, 2021, growth capital firm Woven Capital and Chipotle invested in automotive company Nuro

Investment Highlights
  • This is Woven Capital’s 1st and Chipotle’s 1st transaction in the Automotive sector.
  • This is Woven Capital’s 2nd and Chipotle’s 1st transaction in the United States.
  • This is Woven Capital’s 2nd and Chipotle’s 1st transaction in California.

Investment Summary

Date 2021-03-25
Target Nuro
Sector Automotive
Investor(s) Woven Capital
Chipotle
Deal Type Venture

Target

Nuro

Mountain View, California, United States
Nuro is an operator of an autonomous delivery company committed to using the power of technology for the greater good. Nuro founded the company with the goal of harnessing the power of robotics and artificial intelligence to solve challenges on a global scale. Nuro was founded in 2016 and is based in Mountain View, California.

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Investor(S) 2

Investor

Woven Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2021
PE ASSETS 800M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Woven Capital is a growth stage investment firm focused in the areas of autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and smart cities. Woven Capital is a business unit of Woven Planet, a division of Toyota Motor Corp.


DEAL STATS #
Overall 2 of 3
Sector (Automotive) 1 of 1
Type (Venture) 2 of 2
State (California) 2 of 3
Country (United States) 2 of 3
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-04 Whill

San Mateo, California, United States

Whill designs and creates personal mobility products for indoor and outdoor applications. WHILL is making transportation enjoyable and smart for everybody. Whill is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Ridecell

San Francisco, California, United States

Ridecell involved in the digital transformation of fleet businesses and operations. The company's IoT-driven automation and mobility platform help businesses modernize and monetize their fleets by combining data insights with digital vehicle control to turn today’s manual processes into automated workflows. It powers some of the most successful fleet businesses in cities across Europe and North America, including Gig Car Share from AAA. Ridecell was founded in 2009 and is headquartered in San Francisco, with offices in Madrid, Paris, Berlin, and Pune, India.

Buy -
Investor

Chipotle

Newport Beach, California, United States

Category Company
Founded 1993
Sector Restaurants
Employees120,000
Revenue 9.9B USD (2023)
DESCRIPTION
Chipotle's corporate headquarters in downtown Denver, Colorado.
Chipotle's corporate headquarters in downtown Denver, Colorado.

Chipotle is a chain of fast-casual restaurants. Chipotle focuses on Mexican cuisine with fresh ingredients. Chipotle was incorporated in 1993 and is based in Newport Beach, California.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Venture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1